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  "documentTitle": "The Goodyear Tire & Rubber Company (GT)",
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  "presentationDate": "2023-05-11 00:00:00",
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      "text": "By 2019, Goodyear had fallen short of this goal by ~70%",
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      "text": "2016 Investor Day Segment Operating Income Target vs. Actual Results ($ millions)",
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      "text": "segment operating income: $3 billion",
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      "text": "By 2019, Goodyear had fallen short of this goal by ~70%. In 2022, Goodyear reported only $1.3 billion of segment operating income, well short of its prior investor day target despite the inorganic benefit of Cooper Tire’s profits.",
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      "text": "At Goodyear’s 2016 Investor Day, the Company set a target of $3 billion of segment operating income by 2020",
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      "text": "The quick headlines are $3 billion of segment operating income by 2020, and free cash flow generation of up to $5 billion for shareholder return programs and debt repayment. — Richard Kramer, CEO of Goodyear (September 2016)",
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      "text": "Source: Company filings and earnings transcript. 1. Cooper acquisition was closed on June 7th, 2021. Cooper 2021 impact based on investor presentation. 2022 based on Elliott estimates as the company stopped disclosing merger impact.",
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